Common use of Adjustment for Stock Dividends Clause in Contracts

Adjustment for Stock Dividends. If at any time after the Commencement Date the Company shall declare a dividend or make any other distribution upon any class or series of stock of the Company payable in shares of Stock or securities convertible into shares of Stock, the Exercise Price and the number of shares to be obtained upon exercise of this Warrant shall be adjusted proportionately to reflect the issuance of any shares of Stock or convertible securities, as the case may be, issuable in payment of such dividend or distribution.

Appears in 12 contracts

Samples: Common Stock Purchase Warrant (Purchasesoft Inc), Common Stock Purchase Warrant (Purchasesoft Inc), Common Stock Purchase Warrant (Purchasesoft Inc)

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